Property investors enjoyed capital gains of 5.46% over the last 12 months in WRIGHT, translating to lower returns compared with its peers in ACT.
The suburb posted a 44.63% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
On average, rents on listings have reached the $600 mark, reflecting a 3.76% increase in returns based on the current median price in WRIGHT.
WRIGHT, 2611 ranks 59th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 52nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.76% return.
Property investors have seen a -0.19% drop in WRIGHT based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WRIGHT, 2611 saw average decrease in the long term.
WRIGHT, 2611 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $401,750.
Profits due to an upward trend in home prices in WRIGHT, 2611 averaged 2.76% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in WRIGHT, 2611 is 5.57%.
An average of 3.58 real estate transactions take place per month in WRIGHT which translates to 43 per annum.
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